According to the latest HCOB Purchasing Managers Index survey results, the Business conditions in Germany's industry further deteriorated in May. So the demand went overall, but above all the new orders from abroad are falling even more sharply. The sharp minus also affected the Production shrank for the first time in four months. In addition, the business prospects slipped within year into negative territory. At the same time, increasing competitive pressure combined with falling costs meant that the Selling prices rose only marginally as they had not for more than two and a half years. The HCOB Purchasing Managers ... (full story)